Vesting Schedule Clause Example from Business Contracts

This example Vesting Schedule clause appears in 4 contracts from 4 companies

Vesting Schedule. This option will become exercisable ("vest") as to 25% of the original number of Shares on the first anniversary of the Vesting Commencement Date (as defined below) and as to an additional 2.0833% of the original number of Shares at the end of each successive month following the first anniversary of the Vesting Commencement Date until the fourth anniversary of the Vesting Commencement Date. On the fourth anniversary of the Vesting Commencement Date, this option will be exercisable as to all Shar...es. For purposes of this Agreement, "Vesting Commencement Date" shall mean [ ]. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan. View More
Found in Rubius Therapeutics, Inc. contract
Ikena Oncology, Inc. Contracts

2016 Stock Incentive Plan, and form of award agreements thereunder (Filed With SEC on March 5, 2021)

Rubius Therapeutics, Inc. Contracts

Amended and Restated 2014 Stock Incentive Plan, and form of award agreements thereunder (Filed With SEC on June 22, 2018)

Spring Bank Pharmaceuticals, Inc. Contracts

SPRING BANK PHARMACEUTICALS, INC. Incentive Stock Option Agreement Granted Under 2014 Stock Incentive Plan (Filed With SEC on January 5, 2016)

Denali Therapeutics Inc. Contracts

2015 Stock Incentive Plan, as amended, and forms of agreement thereunder (Filed With SEC on November 13, 2017)